Obama Targets ‘Broken Tax System’: Calls for End to Outsourcing and Loopholes

How does O get away with talking about tax scams when half of his appointees are tax CHEATS?????

Nobody likes paying taxes–especially Obama’s staff.
Some only pay after they get nominated for ligh level positions.

Comments are funny but valid.

so why doesn’t he stop individuals who aren’t paying any taxes from receiving the earned income tax credit which is just a bonus of other people’s money..what’s fair about that?

The President, like those before him, knows ‘the real tax money is in the middle’.
If he is at all honest about tackling the $9.3 trillion debt in the future, he will have to raise taxes on those below $250k.
Stay tuned for $100k/yr ‘rich people’ to get thrown under the bus.

You have to ask, was there anything that Jr. Bush didn’t leave in a shambles. We should ask for our security deposit back. This is so long overdue I thought it would never happen. Thank goodness we can now crack down on the self righteous, freeloading conservatives who don’t want to pay taxes and then complain when the national debt rises and the roads fall apart. Remember, Obama is fixing the problems left by conservatives/Jr. Bush. You can look at the deficit spending going on now as payment of the bill to America that Jr. Bush left on the desk of the Oval Office on the way out. What a disgrace…..

Maybe he cxan hire 800 more special agentas to get rid of the illegal aliens. Oh wait a minute Obama has a relative that is illegal. forget that thought!

sean, bush wasn’t perfect either, but I never seen so many p*ssed people on all blogs, even the left are leaving in droves, now thats an accomplishment that obabble can take credit for

President Obama and the Democrats have a lot of cleaning up to do after eight years of Republican partying in which they managed to wreck the country’s economy once again (among other things). Sometimes I think the Republicans are the biggest threat to our country’s security….MOST OF THE TIME ACTUALLY.

And let me be clear (as the Prsident likes to say)-
They ALL do it. Republicans and Democrats,The list is endless.
They write tax legislation that favors their consituencies, and it isn’t right for them to benefit from it.
Get rid of ALL of it, and the corruption with it…and tax CONSUMPTION.
BTW, Rich people LOVE to consume.
I doubt this President, like the former one, can find the courage to do it, as well as Congress.

He needs to crack down on the tax cheats in his administration before he does the average American.

He needs to keep in mind that only the congress can change the tax code.

It is too funny. It is the Democratic Congress and Obama’s fault.

donttaxmeman: I have not seen a single Democrat leave the party. They can and do voice their opinions, for and against, but they are loyal for the party that actually cares about, even you. I HAVE seen, met and talked to MANY Republicans who have left the Republican party and swear to NEVER go back. Let me guess, you are a die-hard Fox news watcher. Correct?

dlboggan, if we were the best, why are we not making much and importing everything, they don’t have to sell here it is a big world after all, and remember that obabble said on his internet town hall that he can do nothing to bring those jobs back to the states, and obviously he isn’t too interested in keeping jobs here either

freeloading conservatives?? “whybeconservative” is seriously twisted. Wanting to keep more of your income is not being a freeloader. Having a passle of kids without any means of gainful support and then expecting the rest of us to pay your mortgage, healthcare, etc. is being a freeloader. It has nothing to do with Bush or the loser Republican party.

Uh Angie,
Making an announcement is not keeping a promise – as we have seen with nearly everything the President has announced thus far.

There are No Democrats Leaving the Party But with All the Republicans Joining The democrat Party it is Kinda Growing!

dlboggan, talking about voters not the party hacks

I am looking for a job. How am I going to get one if Obama is taxing my potential wages out of employers?

Plumber
Everyone Knows Its up to Congress to Change the Tax Code. President Obama Has Called on Congress to Pass this Now he has Kept his Promise He has Addressed This he has Layed Out Plans for Congress. Now that to Me says He Kept His campaign Promise no Matter how much you Like to Spin it!

Obama’s worried about collecting extra $21 billion a year. How much money did we just give in bailouts? Joke.

So according to the people who post negative comments about this article, you would rather do nothing about this? It’s this type of “Say No to Anything” approach that has left the GOP a shell of its former self. Do you guys have a book of rebuttals for anything the POTUS suggests or talks about?
Posted by: Joe
______________________________
Good old Joe, In the old days, when a corporation was run dishonestly and was on the brink of going out of business, the corporation either filed for bankruptcy or went out of business entirely and was replaced by another business. This was alled “capitalism”.
Obama wanted, just just to bail out these corporations but to have the government literaly take them over. This was called “socialism”
Capitalist countries have had a long history of being prosperous. Soicalist countries have had a long history of being poor. If you read your history book you will find that not even Roosevelt’s New Deal worked.
And if you read the news, you will note that the auto companies are filing for bankruptcy anyway. No amount of bailout money helped THESE corporations.
I have an idea Joe, that the GOP won’t be a shell of itself much longer.

Obama now wants to raise taxes on corporations. Well, guys, corporations don’t pay taxes. They just pass them on to us. They will either raise the price of their products or they will lay more people off.
Obama says he’s doing this for “fairness”. “Fairness” for who? The consumers?
Neither Obama’s staff, nor any of the Democrats pay taxes themselves. The corporations pass taxes on to the consumers. For a party that claims it’s on the side of the “little guy”, that doesn’t leave very much left on the plate.

Gee, the guy standing next to Obama must be embarrassed. In general I agree, although all of this is a little too late. Our manufacturing sector is ruined, thanks to both parties over the last 25 years.
Can I send some of my tax money to the UAW? Or have I already done so, by some political “slight of hand”?

“Touting a plan which aims to save American taxpayers $210 billion over the next ten years…”
So does this mean we get to pay less taxes? Somehow I don’t think so…More appropriate (and accurate):
“Touting a plan which aims to INCREASE REVENUE TO THE U.S. FEDERAL GOVERNMENT $210 billion over the next ten years…”

It’s sad to read all these negative comments. It’s fine to give the rich more; however it’s a problem to help the Americans in need. All of you are locked in the GOP’s Ideology. The point is no matter what Obama dose it will never be good enough.
Tuff luck, you will need to get use to it !!!!!!!!!!!!

donttaxmeman: Get one thing correct here. The reason that our country has been losing the economic war in this world is because the Corporations have taken full advantage of “non-regulation” over the past many years. If you think that supporting the Corporations who care less about you the then our elected officials than you are truly brainwashed by the neo-cons and ultra-capitalists. A balance is needed to make sure that you and I don’t lose our jobs these non-patriotic corporations. Checks and balances are needed on capitalism, socialism and government. Support and political activism is required by all to enforce this checks and balances needed to protect us all, American citizens, capitalists, one and all. Find some place to meet in the middle and we can all win. There will always be a small group of the greedy in this world, both rich and poor. Just make sure that none of these extremes gain enough power to put us where we are now.

CABEO
You are Right No Matter waht the President does They will Bash it Even if its For their Own good SAD!

People have to vote for anybody but democratic congressmen or senators in 2010 we have to take control of congress so they will listen to the people, one sided rule does not work in our favor.

How about changing the laws so that there is no benefit to going to other countries? Why penalize those businesses who stay in the United States and hire American workers with high corporate taxes?
Obama is more concerned with using a stick than using a carrot. That White House list of he (and she) who must be punished must be very long.
Obama’s books and Janet Napolitano’s reports spell out who they are going after and why. Even comedians are afraid to cross this administration.
Those who cheer on this reign of vengeance and retaliation will sing a different tune when it is you in their crosshairs.

How Can Anyone Be against Stopping Are Jobs from Going overseas I hate to say this But I think some cant Get over the Fact we Have an African American President because to Be against Protecting our Jobs Someting is seriously Wrong with you!

DelegateMath,
Obviously this isn’t intended to tax American companies that are retailing in foreign companies… it’s to stop the decimation of entire industries (software development, manufacturing, call centers) that have been shipped to low wage workers in foreign countries.

If you are happy about this just keep smiling when Commrad Obama passes his Cap and Trade Tax. I want to see you smilling and telling me how much you like him when you are filling up at the gas pump and paying four dollars a gallon because of all the taxes. Dont forget to smile when you are asked to be patriotic.

WOO HOO, been waiting for this for a long time. You are on notice, corporate America. Contribute to the wealth and prosperity of the American workforce, or pay up. Hallelujah!! Finally a president who is willing to take this on when he is IN office, not just running for it. This should have been addressed many years ago, and both parties know it. I just hope our elected officials show more backbone than usual here in getting this accomplished, and don’t allow the corporate lobbyists to dilute, delay or otherwise impede this desperately necessary course of action.

TIP612
President Obama is Doing none of That bs you Put in your Post why do you People Let Hannity and Limbaugh Put Fear in you god its sad!

There are a lot of intellectually challanged people leaving undeserved comments against President Obama here. Let me set the tax thing straight. Everyone who shops or buys anything in this country pays taxes. Even people on welfare and unemployment pay taxes like sales tax, utilities tax, water tax, gas tax, etc. I wouldn’t call Obama a communist but a realist. He and I have seen the corporations rape and steal from the middle class worker. I think most of us make less now than we did 10 yrs ago and many don’t have healthcare. It is time to make the corporations do what they should have done…pay their share. As far as the Presidents staff paying taxes I bet thats a common occurance for Republicans and democrats and that too has to stop. I don’t blame the President. So for all those that would stop poor people from getting back what they paid so they could better take care of their families shame on you.

US companies will generally not pay double tax on foreign corporate profits as a result of the new rules (as I understand them).
Let’s say McD sells $100 worth of hamburgers in China and the current Chinese tax rate on that income is 15$. Under current law, McD would pay $15 in Chinese tax right away, but would not pay any US tax on the income until it is repatriated to the US. Because McD will probably reinvest those profits abroad, it may not pay US tax on them for many years, if ever.
Under the new proposal (as I understand it), the $100 of income from hamburger sales will be subject to US tax immediately at the regular US corporate tax rate — just as if McD had sold $100 of hamburgers in Des Moines. McD will also have to pay the $15 in Chinese tax, but they will be able to CREDIT this payment against their US tax liability. Result: China gets $15 (as the income was earned in China), the US gets $10 (the US tax on the income less the credit for the Chinese tax paid) and McD is out of pocket $35, such that they are paying the same rate of tax on their foreign and domestic profits. Doesn’t seem like such an unfair result to me…

DelegateMath: Bad analogy. How does hiring a person overseas to sell a Hamburger in “that” country be compared to what Obama is talking about here. What Obama and most Americans want is production jobs that used to be here in the U.S. need to stay in the U.S. so we can have the quality jobs here. If a Job is lost here in the U.S. to be transferred overseas than that is what is the problem. Tax breaks to keep jobs in the U.S. is what may be part of the solution here, not tax breaks “because you shipped the job overseas.” The Henry Ford philosophy when he built Fords for Americans was that you give Americans a good wage and benefits than Americans can afford to buy his products. How can Americans afford to buy anything of worth if they are all working at minimum wage.

“Obviously this isn’t intended to tax American companies that are retailing in foreign companies… it’s to stop the decimation of entire industries (software development, manufacturing, call centers) that have been shipped to low wage workers in foreign countries.” ***********
Obama is a typical lawyer who doesn’t understand how math works. A lot of the American exports still remain competitive because of the low wage workers they are using in the forreign countries. If Obama increases their taxes or force them to move their productions back to the US, he can gorget about the $210 billion because he is going to kill them all and he won’t collect a dime from them.

Didn’t Obama say those jobs aren’t coming back to the US? Which is why we need to create new jobs from “green” technology? Yes. I believe he did say that. He is banking our future in windmills. Which is fitting, considering all the hot air being produced by the Obama administration.

“Now that to Me says He Kept His campaign Promise”
Ahhhhh I get it Angie. When Obama says “no military tribunals” that is a promise kept, right? It makes no difference if he reverses himself?
And if he says “everyone making less than $250k gets a tax cut” that’s a promise kept even if everyone making less than $250k sees their taxes go up?
And if he says he’s going to be a “post partisan” president, then operates as the most partisan president ever it matters not because it is a promise kept?
Wow – he’s like God. He says it, and it is done.

TOO FUNNY
How is that when the President has said Time and Time again The business That CREATE JOBS HERE IN THE USA Will Get the Tax Breaks will get the Rewards for Creating the Jobs here so Explain why they will Leave? with this Tax thing

“Your problem is you can not handle having a Black Man running the country.”
You can always tell when someone is losing the argument….

Heck yeah! Get em, boy!

Great Idea: But it is OUR GOVERNMENT (Congress) that created these little loop holes in the first place. Now our new President wants them to reverse it. Lets face it our government Senate – Congress NOT ANY PRESIDENT decides on what laws they should make or not make. They create each and every problem we have in this country. They knew when they created these rules many years ago it was to protect THEM. They are the rich hiding money. They created to protect people that they wanted to protect. They (not the president) get to decide how much they want to remove or not remove. Get rid of congress. There are 435 of them and 1 President. All these problems did not come from any President. They came from congress. The create all the mess’ we have.

PLUMBER
Please Present Facts where People making under 250 a year Has had their Taxes Rasied Under Obama and as Far as Being Partisan really Thats why some of the things He has done is Similar to BUSH! Really dont give me Hannity and Limbaughs BS Give me FACTS CAN YA?

AXEY
The Bush Tax cuts have to Expire first!

Angie,
Has anyone had their taxes cut under Obama?

“Result: China gets $15 (as the income was earned in China), the US gets $10 (the US tax on the income less the credit for the Chinese tax paid) and McD is out of pocket $35, such that they are paying the same rate of tax on their foreign and domestic profits. Doesn’t seem like such an unfair result to me…”
Let us allow reality to intrude. Result: it becomes more profitable to McDonald’s, and to the Chinese, to sell its operation to local Chinese than to operate in China at a lower return. Net tax loss to the US treasury.

Obama is not telling the truth. American companies pay taxes on their global profit and always have. The rest of the world doesn’t charge taxes on profit earned overseas which puts US companies at a complete disadvantage. How can he just lie to people like this and get away with it?

AXEY
Some Have seen A Tax cut in there Paychecks But Once again Its up to CONGRESS And The Bush Tax cuts Have to Expire first!

Angie,
====I highly Think Obama is Killing Wall St====
I know. That is what I said.

CHill: How much tax does McDonald have to pay for each $100 profit it makes in the US?

Nice token, but why aren’t we actually doing something REALLY CONSTRUCTIVE..like scrapping the whole tax system completely, ending forests of paperwork, and simply replacing ALL income, payroll, property, inheritance, sales and fuel taxes with one, single, simple, sales tax on everything………..no reason to hide money elsewhere, everyone pays when they spend, illegals and foreign vistors included…………..I guess simple thoughts are too tough for simple minds.

Angie,
There have been no tax cuts. Remember, Bush’s have to retire first? Obama gave a “tax credit” that you could be liable for paying back next April. There is a huge difference in “credit” and “rate cut” as some will find out the hard way.

If a Polish company earns a profit in France, it pays the French corporate income tax, and nothing else. But if a U.S. company earns that same profit in France, it must pay the French corporate tax and the U.S. corporate tax (minus whatever was paid to France). So not only does the U.S. impose the highest corporate rate in the world, it makes sure that this rate is applied to both domestic and international profits. This is called a “worldwide taxation system” and the U.S. is one of a tiny handful of countries that still practices it. OBAMA LIED

donttaxmeman writes, “even the left are leaving in droves”. Are you kidding? An April 23 report by the Pew Research Center shows, “Obama’s job approval stands at 63%, while 26% disapprove of the way he is handling his job as president. His approval rating is up slightly from March (59%). He’s doing a terrific job, and folks on the left are loving it! Sorry to burst your (Fox News) bubble.

Hello Angie in PA,
Here your response to me:
“TIP612
President Obama is Doing none of That bs you Put in your Post why do you People Let Hannity and Limbaugh Put Fear in you god its sad!”
Below I offer a primer on Marxism.
Doesn’t this sound a bit like Obama’s intervention into the auto industry? Doesn’t it also sound a bit like expanding entitlement programs paid for by taxpayers (who are approaching only 50% of the population)? Tell me what I’m missing…
MARXISM:
In the present form of society, capitalism, the two main classes are the capitalists (or bourgeoisie), who own the means of producing the necessities of life; and the workers (or proletariat) who do not own those means of production and therefore must work for the capitalists in order to survive. Marxism holds that such a system is exploitive as well as, in the final analysis, economically irrational. MARXISM AIMS AT THE OVERTHROW OF CAPITALISM AND ITS REPLACEMENT BY A CLASSLESS SOCIETY IN WHICH GOODS ARE PRODUCED FOR THEIR USEFULNESS NOT PROFITABILITY; and distributed according to the principles of (at first): “from each according to their ability, to each according to their work”; and finally, in the most advanced stage: “FROM EACH ACCORDING TO THEIR ABILITY, TO EACH ACCORDING TO THEIR NEEDS.”

Angie,
No they don’t. Democrats own the government. They can change the tax laws anytime they want to. Obama doesn’t want to until 2011. Why is that?
Posted by: Axey | May 4, 2009 2:41:38 PM
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Well ,I would say he is giving overseas businesses some time to move their operations back to the usa before the government starts actively and aggressively enforcing the new tax code.
Businesses do generally take awhile to move so he is being reasonable , but foot dragging (for profits or whatever) will cost them in 2011 and beyond ,believe it.
BETTER GET A MOVE ON AND GET THOSE JOBS BACK HERE PRONTO TONTO!!
Lol! GREAT PRESIDENT!!!

angie in pa
the measly 13 bucks you get is not a tax break, it is a credit which means you have to pay taxes on that measly 13 bucks next year, ask H&R block, it’s going to put alot of people out that don’t realize that, and that is super sneakey and cruel obabble joke

Danforth,
Wouldn’t it be just as easy to see what reason Obama used? Instead of speculating?

For sure,Mr. Obama is one of its kind president, America has ever seen. Many other countries are waiting for such an energetic and well intentioned leader.

Angie, “How Can Anyone Be against Stopping Are Jobs from Going overseas?”
That isn’t what this tax will do. It will most likely result in more businesses packing up their tents and moving completely to another, more favorable, country.
Posted by: TooFunny | May 4, 2009 2:32:38 PM
======================================
“It will most likely result in more businesses packing up their tents and moving completely to another, more favorable, country.”
TooFunny: Maybe this is what is supposed to happen…if everyone
moves and there is no more businesses
here; men will be wearing loin clothes and women will be naked..Hummm.

“The Bush Tax cuts Have to Expire first!”
That’s simply false. If Obama and the congress wanted to, they could repeal those cuts within a week. The decision to leave them in place is entirely theirs.

Fascist Hyena
Which I’ve explained repeatedly. To no avail. Must. Continue. To. Blame. Bush. Otherwise, they would have to ask themselves some serious questions about Obama’s agenda.

Maybe he cxan hire 800 more special agentas to get rid of the illegal aliens. Oh wait a minute Obama has a relative that is illegal. forget that thought!
Posted by: Carlene
And she is living in puplic housing…I bet there’s a american tax payer family that has lost their home and their job that could really use the puplic housing she’s living in …Who and how did she get into puplic housing…Let me guess Acorn….

OBBABLE HAS MADE IT WORST REALLY?
Consumer Confidence is Up
Home sales are up
Banks are Doing Better
Wall St has Gained
A slight Drop in Unemployment last week
All this since Bush Left and Obama In

Obama has the lowest ratings of ANY President at his first 100 days in office in the past 40 years! Yes, even Dubya was higher at his 100 day mark, way higher.

“Result: China gets $15 (as the income was earned in China), the US gets $10 (the US tax on the income less the credit for the Chinese tax paid) and McD is out of pocket $35, such that they are paying the same rate of tax on their foreign and domestic profits. Doesn’t seem like such an unfair result to me…”
Let us allow reality to intrude. Result: it becomes more profitable to McDonald’s, and to the Chinese, to sell its operation to local Chinese than to operate in China at a lower return. Net tax loss to the US treasury.
==========
If I may follow-up further: If McDonald’s chooses not to sell its operation to the local Chinese, McDonald’s will almost inevitably need to raise prices to cover increase in expenses (additional taxes). This in turn will lead to loss in market share to local (Chinese) competitors or foreign companies who do not employ “double-taxation” within their tax codes.

It’s about time! And while he’s at it. Go to a consumption tax, national sales tax or a flat tax for ALL.

While I’m glad Obama is trying to do this, I find it very ironic that most of his own cabinet had owed back taxes themseleves, for years. They see themselves “above the law” – aka, taxes are for other suckers to pay, but not me. I’ll bet if a background tax check was made, over 90% of the congress owes back taxes too. Too bad the American people will never find that out.

donttaxmeman: I don’t disagree that the Government help contribute to this problem. But your interpretation is in error as it was because the Government “failed” to monitor and regulate the corporations that were the real reason for our giant debts at this time. The corporations bought out our elected officials and took away the power “of the people, for the people, by the people”. It was controlled by the few rich and powerful and true greed by the rich to steal and run became the new corporate mantra. Steal and run by any means. Wave a carrot in front of a hungry rabbit and what do the do but buy homes they should not have bought and where did that money go to, but into the hands of the greedy few that drove up the costs of those deals. Derivatives were compounded and split a hundred ways with no way to go back. This is an example of only part of the problem that the greedy rich took from you and I. Balance can only be brought back by putting responsibility back into our government so we, again, can all win. Not just the few powerful and rich. I am tired of being Ripped off. Obama is one of those elected representatives of the majority of Americans to help make this happen. I will support him and his administration as much as possible. I agree with most of his policies. He know and understands things that you and I cannot know about because we are not there but we elected him to do his best as much as you may hoped for in Bush. I sincerely hope he succeeds. For those that wish for him to fail than they are fools. If you don’t agree with the new policies than get involved and “productively” make your pitch. It can be as simple as voting are as far as even running for office. The point is to be constructive, not destructive, for us all and not just for oneself.

will he start with his appointees and members of his ‘Democratic’ party. Know he will go after the other party. Funny how he is going after tax cheats after he appointed many to his administration

Angie in Pa, Fanny and Fae were regulated by the government…..and does anyone else know a good way to save the “working people” billions of dollars a year….quit stealing from them Obama in the form of high taxes!

I’m absolutely amazed everyone in this country has forgotten about what percentages mean – taxing people and businesses by a PERCENTAGE is the fairest way to pay taxes – yet this has escaped everyone and cetainly congress who instead dream up *endless* deductions and loopholes for businesses. Why do businesses need a “tax break” to do something or to hire people? What ever happened to just growing your business and competing? What, a company can’t hire people without getting some kind of tax break? They can’t build a production plant without getting some kind of tax break? What BS – tax breaks are nothing more than a silent “bailout” for businesses. I say close all the loopholes, close all the tax breaks – pay a percentage of your business tax PERIOD – if you can’t afford to build new plants or hire people then don’t – go out of business – someone else will be there to take your place. We need to put all of the tax attorneys out of work looking for tac loopholes for their rich clients. You could simplify the tax code sooooo much by just having everyone pay a certain percentage – period. Simple, easy…

By selling hamburgers in China, McDonald is not only exporting the hamburger business to China but also exporting American culture and American influence to that country. Obama should leave these patriotic corporations alone.

dlboggan, yes I am pissed at bush, he had a chance to rein the nuts in, he tried, but he needed more cahonies than what he had, because he let the dems walk all over him, this is the result,not total breakdown of america,but obabble is screaming down the hill taking it further than what we expected total distruction of the way america was, may not be this year or next, but we are close and it aint going to be pretty

Here’s some other ideas to make American companies profitable and want to do business, get rid of min. Wage, get rid of unions, stay away from taxing their profits, do away with stupid regulations. Closing loopholes to make sure they pay more taxes won’t create one job, only discourage job growth…I figured someone as “smart” as Obama would know this…

Angie in PA,
Have you had a chance to read my primer on Marxism? Can you objectively refute my assertion that Obama’s policies are Marxist in nature?
I look forward to your response.

===CABO===
What does this stand for? If I’m going to be labeled brainwashed by something, I’d like to know what or who is brainwashing me.

Gerald,
====What’s wrong with that? No matter the party, this needs to be done!====
Maybe you can tell me why he is delaying this until the year 2011?

Putin (probably the world’s leading ‘communist/marxist’) said that the Western governments should be careful when trying to regulate banking and currency (or influence, might be a better word).
He said that they (The West) should not expect this kind of thing to work or go as planned. This may answer the questions relating to whether we are leaning toward a managed economic structure.
If there are experts in this realm, Russians are at least well versed.

angieinpa, unless you have listened to both sides of the story, ie what rush hannity etc say, how can you have a informed opinion, bet you have never turned on their radio show and listened at all, I challange you to listen to the first hour of rush hannity beck ( who is a morman they always cry no brainer there) for a week and then come back and your welcome to bash them as much as you want

If I were republican I wouldn’t want to look back either. But Barry is looking forward by taxing big business overseas.
He is making the necessary changes to continue to push us forward. And I know most people never felt Bush was doing that. That’s why every Dem or Lib get so pissed when someone like “Anti-Obama/Pro-America” says what he/she says. A nostalgic trip through the past is one thing, but learning from the mistakes from the past is another.

Weird logic of fairness, if everyone paid the same tax rate, the richer still end up paying most of the taxes – 25% of 1M is 250k , of 40K is 10k and of 0$ is still 0.
For common causes like infrastructure, defense, etc. why is it fair for the rich to pay inordinately larger %s of their income ??
===Why should the Obamas have the same tax rate at the McCains (or Warren Buffett), when they probably make 1/5 as much/yr? Is that ‘fair’?===
Class warfare at its best. And funniest.
Posted by: Axey | May 4, 2009 2:25:28 PM

I wonder why Obama didn’t also pursue individuals who are hiding their assets in offshore accounts. Like the Kennedys? Reckon he’ll stop at corporations, you know, evil, evil corporations or will he go after anyone who shelters their money offshore?

I can’t wait till Obama is out of office…1355 days to go.

If I were republican I wouldn’t want to look back either. But Barry is looking forward by taxing big business overseas.
He is making the necessary changes to continue to push us forward. And I know most people never felt Bush was doing that. That’s why every Dem or Lib get so pissed when someone like “Anti-Obama/Pro-America” says what he/she says. A nostalgic trip through the past is one thing, but learning from the mistakes from the past is another.
Posted by: Scott | May 4, 2009 3:24:37 PM
—————————————-
Yeah that makes sense…LOL…lets go ahead and tax corporations even more! Unemployment is at a high so do you think companys are going to higher people when they are going to have to pay more out. This is a road to nationalization/socialism. Whatever you want to call it. Wait till health care is nationalized and you will have to wait months to see a doctor and months to get a procedure done. Your freedoms are being taken little by little and all you libs care about is how cool your president looks. What a joke!

I’ve always paid my share of income taxes. I took all the deductions I could but paid what I should have. This year I didn’t take all the deductions I could have and intentionally paid more than my fair share.
If you don’t pay your taxes you could be forced to serve on Obama’s cabinet. Why take a chance? Pay extra.

Let me understand something….was it the working class of America who decided it would be good for themselves and the U.S.A. to have thier jobs sent overseas or was it….corporate America (God I hate to use those two words together) who decided it would be good for themselves? I think I have the answer! Now then…who decided it would be good for themselves and America to “allow” illegal aliens to enter our coutry and thus take MORE jobs while simultaeneously to compress our wages? Can YOU imagine what our unemployment rate would be if we had back all the jobs from; China, India, Mexico and the illegals? I can only surmise that businesses would be running all over themselves trying to find employees, our tax coffers would be full and everyone would be happy. Ahh….the good old days when anyone wanting work could find job. Then again…maybe THAT’S un-American.
The drum beat is sounding louder and the average American WILL bite back.
Mr. Obama sir…are you listening?
I am one of your campaign’s telephone solicitors Bush which allowed you to win our county while all the surrounding counties didn’t.

It’s as if Obama isn’t concerned about winning re-election.
Is BO so arrogant that he thinks those getting scr#wed are going to vote for him again?
Pretty soon the only group still on his side will be his base–they aren’t going anywhere.

First off in the 60′s corporate taxes were 45%, they didn’t drop until Reagan dropped them to 35% during his 2nd term, and guess what, business did just fine. To think a business will spend billions of dollars to move to another country, to save a few hundred thousand to a few million a year in taxes is stupid. It would take them decades to recover the cost.
People need to learn to read, think, then react, instead of read, react. He said THERE WILL BE A TAX CUT for companies who create jobs in the US.
Finally someone said that Rasmussen polls show that only 38% of Americans think the country is going in the right direction, Rasmussen? really, you base your facts off of 1 poll.. try looking at realclearpolitics who take polls from multiple sources and come up with an average, those statistics show that it is almost even with 43% saying we are going in the right direction, and even with Rasmussens 38% that is still much higher than the time period of July 07- Jan. 09. A low of 8.3% and a high of 23%. So I would say by looking at EVERYTHING the confidence of the American people is going up, and it’s long past time to be an American first!! No matter what party you belong to!

Hello Angie in PA,
I’m still waiting on you to objectively refute Obama’s policies are Marxist…
I respectively look forward to your response.

Who, us?
“Monday, Nevada’s Attorney General’s Office and Secretary of State’s Office filed charges against ACORN for voter registration violations and forging voter registration forms.
“ACORN officials both locally and nationally say the charges are a complete surprise; national representatives say they were also unaware of any investigation.”

“….paying taxes….for common defense and mutual well-being…” Is that what Murtha’s airport, Reid’s Railway and Pelosi’s Rat Rescue program is classified as? I don’t mind paying taxes–its my entrance fee to my great country. I hate these pork-barreling, windbags WASTING taxes.

@ Scott -
“And when we do have socialized medicine, at the same time we will have private doctors as well. Anyone who gets sick will have the option to pay for health care or receive free health care. Sounds like a fine idea to me. You can drink the water from the tap or buy bottled water.”
I hope you are right – I hope that we will have the option to receive care from non-government mandated sources. But I question that notion given that when Canadians or Brits have life-threatening illnesses or life-altering maladies, they seek treatment in the U.S. rather than pursuing their “option to pay for health care” in their home countries.
There is no such thing as a free lunch. In our entitlement culture we expect differently…to no avail… someone always has to pay.

beer verses cocaine, beer or liquer is legal, cocaine not so whats your point, I drink a couple of beers after work does that make me an alco, or is left wing msm pumping up the situation

well there’s the rub scott, from what I have been reading, private insurance will not be available in the states, I may be wrong but you need it big time if you want to live, but it will cost you and it wont be cheap, you will have to pay the gov out or your check plus buy insurance if they let you, so it is a double whammy to your check book, in oz, we relied on gov, lots of them died until they gave us a choice to buy private insurance, had to pay for both but you get to live, BUT only if you can afford it, savvy

Hurray! Finally someone in Washington will level the playing field for American corporations. Those that keep shipping jobs overseas and those that keep their money in offshore tax havens will have to compete fairly now with the corporations that weren’t dodging their taxes.
I wish someone would publish a list of the tax-dodgers and those that paid their taxes. As a consumer I don’t want to reward the greedy, unpatriotic company if I have a choice when purchasing.

Hmm. Business leaders are vehemently opposed this and are starting to speak out against , including Cisco, which happens to be in Nancy Pelosi’s district.

===Axey and donttameman you both dodge and whine in unison===
What question have I dodged? Ask again and I’ll be sure to answer it. I don’t whine. Not in real life and not a blog.
===Comprende?===
No habla Espanol. Sorry. You just can’t let Bush go, can you? Angie claimed Rush Limbaugh was a cocaine addict. I corrected her. And along comes lefty, bringing up unproven allegations about Bush. It’s going to be a long 4 years for Obama if all you can do is say Bush whenever you are deflecting criticism of Obama.

Now the truth comes out. Guess what increase in taxes of all people the small businesses. I knew it was coming. So much for jobs.

the new GOP slogan is
LISTEN
LEARN
LEAD
WHAT!!!!!
kinda gives light to how clueless the party is right now.
SO if you are listening and learning WHO’s leading
How about
Lose
Leave
Listen to America
Lighten the Part of Limbaugh et.al
Let the faces run the part
Lunatics must go – Bachman et.al
Laugh – you are in for a rough decade of democratic rule

wuups
Let the new faces run the party

I usually don’t agree with Obama on much of anything, but I think he is on the right tract on this one. I think companies should be made to pay their fair share of taxes. I think it will wind up hurting Obama in the long run but he is doing right here. Many of those companies backed him while he was running and they will probably give their money to ofthers now. Also this could cause the US to lose more jobs but the right thing to do is tax them and also tax Obama’s cabinet.

Geithner, the tax cheat, is going after corporations that use legal means to avoid paying excess taxes?
Anyone else have a problem with this?
Posted by: dale evans
===============================
dale, I have a problem with it. I think Geithner is a crook but also think Obama is a crook. In fact I think all of the cabinet and this administration are crooks. I know all administrations have crooks but not near as man as this fruit cake we have as President has.

Linda-
______________________________________
Are you actually serious? Or just plain uninformed? Probably both.
“Obama is a graduate of Columbia University and Harvard Law School, where he was the first African American president of the Harvard Law Review. He was a community organizer in Chicago before earning his law degree. He worked as a civil rights attorney in Chicago and also taught constitutional law at the University of Chicago Law School from 1992 to 2004.”
Get it now, Linda? He most certainly is more well versed in American history and law than anyone on this site (as is obvious from reading some of the drivel posted regarding Socialism and Marxism….)and was a community organizer for only a short time before entering law school and then eventually politics.
“Cradle to grave” support from the government? That is such a washed out Republican platitude. As is your “tax, tax, tax” line. Anything of consequence we enjoy in this country – i.e., all civil liberties, women’s rights, voting rights, help for the elderly, children…. the list is endless – has been fought for and achieved by the Dems. If you want to discuss true patriotism and very real love of country, look to the Dems (Roosevelt, Kennedy, Johnson) not to you Republican fools. What have you to offer? Nixon? The Bush/Shrubs? Reagan? You mean Reagan the genius who left us with billions in deficits? Wasn’t he also the president who let terrorists get away with killing 220 U.S Marines in the 1983 Beirut bombing? How dare you GOPers speak of your patriotism and your so-called love of America.
As is typical of many of you Fox/O’Reilly/Hannity/Limbaugh groupies, your arguments have no basis in facts. I suggest factcheck.org and even Wikipedia to the majority of people on this post, especially, you Linda. You people are frightening.

oobe,
Well-stated, but don’t forget to include the effects of The Community-Organizer-in-Chief’s cap-and-trade (aka, “tax-and-trade”) scheme which if enacted would cost between $1,000 and $4,000 in lost income (higher utility costs, higher costs for purchase of goods, etc.) per household. I’m psyched.

I am really taken back with the President calling some of the largest companies in the USA financial cheats.Apparently he can prove this and should go public with those that are involved. History tells us at one time the earth was considered flat. I am beginning to believe that, as President Obama seems to pushing business over the edge. I can not imagine when people voted for him that they wanted our banks, auto manufactures, financial institutions,medical industry and energy companies destroyed. Reined in, changed but not abolished at the same time we are bending down to our enemies.

===, all civil liberties, women’s rights, voting rights, help for the elderly, children…. the list is endless – has been fought for and achieved by the Dems. ===
::Sigh:: While chastising republicans on knowing their history.
You will have to excuse those of us that managed to wade through Obama’s books. He himself said he gravitated towards Marxist points of view. I took him at his word.

lefty,
Thanks for the pointer.
You have a problem with Obama’s own words?

Why can you Republicans only talk about Obama and his tax cheating cabinet? Who, by the way, (other than Geitner”s $30K oversight) didn’t pay taxes? Seems to me, they didn’t make the cabinet. Are any of you innocent of your own tax “oversights”? Can you stop with your childish bickering and perhaps see the larger picture?
Why are you all so eager (and I will wager that the majority of you are working class stiffs) to defend corporations that have been avoiding paying their share since the beginning of our history? They really have you suckers brainwashed with their scare tactics. And aren’t you also the same bumpkins who sit staring at Lou Dobbs and Hannity on your tellies night after night as they whine about and bemoan the jobs being outsourced? By these same corporations? Can’t have it both ways, Sharpies…

“Those of you who think Obama’s administration is doing the right thing, you should reconsider. US corporations already pay the highest taxes globally”…
==============
This requires some modification: Of the 21 participants at this year’s “G-20 Summit” in London, only Japan, Italy, and Australia have higher corporate tax rates than the U.S. But overall point (below) is valid.
==============
…and now that China and India are becoming global powerhouses, as well as lowering their corporate taxes, it only puts US corporations in a further economic disadvantage. If you don’t believe that, you should check the tax foundation for statistics on how the US rates compared to other countries.
==============
Agreed – In a global economy the U.S. should be looking to CUT corporate tax rates to make sure U.S. companies are competitive on a global basis.
The Obama administration (and by extension the Dems in Congress) are not interested in U.S. company competitiveness (lest you be fooled) – They are interested in raising money for the federal government to execute the administration’s social (re-distributionist) agenda.

Liberal in Chicago was in full contempt mode when s/he wrote, “He [Obama] most certainly is more well versed in American history and law than anyone on this site (as is obvious from reading some of the drivel posted regarding Socialism and Marxism….)and was a community organizer for only a short time before entering law school and then eventually politics.”
Speak for yourself, Lib. There are professionals and academics on this list with a far stronger background in American history and law than the president. Why do you think that law school and Ivy League undergrad must equate to a strong education in history, to begin with? And why do you think that he has displayed evidence of being “well-versed in American history”? Not even getting into the arena of interpretations of historical events (he thinks Roosevelt’s New Deal ended the Depression, for example), he has made numerous factual errors in this subject. The automobile was not invented in the United States and the transcontinental railroad system was not built in the midst of the Civil War, to cite two examples from his speech to the joint session of Congress (which any other year but the first year of a presidency is referred to as the State of the Union address).
He has made similar errors with regard to world history as well, the most glaring being his ridiculous anecdote about Churchill’s supposed statement about torture.(Churchill never said it)
Obama is an intelligent man, but he is not uniquely brilliant. I know plenty of people at least as intelligent as he is. Some of them are liberals, some moderates, some conservatives. Some are Dems and some are Republicans. What’s wrong with acknowledging that he is _a_ smart man, not _the_ smart man.
Do not be overly impressed with his teaching credentials. I, too, am a college professor– and I’m a real one, too, not a glorified instructor without a terminal degree in my field. (Not to denigrate instructors in general– they are the life-blood of academia, but the position Obama held was not the same as having a true tenured professorship. For openers, he never published any academic research).
You want not only to elevate the president but also to look down upon your fellow posters. Your blanket insults are unfair and inappropriate. Yes, some posts do not display a great deal of intellectual sophistication, but that is true on all sides, not just among those you belittle as Fox/Limbaugh groupies. Many Republican posters are original and thoughtful individuals who do not follow in lock-step with any national personality, just as many insightful Democratic posters do more than parrot the Kos/MoveOn party line. (That does not mean there are not plenty of you who are as wedded to your ‘talking points’ as anyone on the opposite end of the spectrum. Let’s not pretend this is a one-sided phenomenon.)

If the tax system were simplified, it would be harder to “cheat” or “hide” or “make a mistake” on the taxes, we’d save a lot in tax preparation fees, and we’d really know what the big wigs pay in taxes when they have to make them public. The people and businesses who do well in this country should pay out of thankfulness for our great country. Or pay a voluntary patriotic tax and help our country get back where it should be.

@ Moderate:
Great posts – Hope to hear from you more often.

A former Clinton official sounds off on the stupidity of Obama’s proposal:
“‘There certainly will be opposition,’ predicted Phil West, an attorney with the international law firm Steptoe & Johnson LLP.
“West, who served as international tax counsel for the Treasury Department under President Clinton, summarized what the opposition would argue.
“‘It’s not fair to treat U.S. businesses worse than their foreign competitors,’ he said. ‘A lot of foreign competitors have the benefit of more liberal tax systems, and when you put U.S. companies at a competitive disadvantage, you’re going to hurt the U.S. economy at the time when it can least afford it.’”
But trash populists don’t care. All the booboisie wants is for US corporations to be hurt; they are too dim to see any effect on themselves.
As always in a democracy, the yokels will end up getting what they deserve.

Can someone tell me why you think giving tax breaks to corporations that move their company to another country is in any way good for America? If you had lost your job to outsourcing you may think differently. After NAFTA “Fruit of the Loom” moved to Mexico and Louisiana lost 8,000 textile jobs, Alabama lost 34,500 and Mississippi lost 29,500. Bush was an advocate for outsourcing and said it many times. I’m only speaking about one company so how many jobs have we actually lost? So you think we should award them tax breaks for leaving the U.S.?

I don’t believe our government should give you an incentive to leave the USA, just that simple! So you don’t think 2 percent tax rate on foreign profit is an incentive? I’m for government staying out of my business but sick and tired of loosing American jobs. Where does it stop? It want be long and there will be no engineering jobs, it will be done in India!

I don’t believe our government should give you an incentive to leave the USA, just that simple!
==========
When you say “leave the USA”, what do you mean exactly?
If Procter + Gamble manufactures products in Asia to sell in Asia, have they taken jobs out of the USA?

You do realize that these tax practices are legal, correct? Why are those entities (companies and individuals alike) who “maximize their tax position” (i.e., do everything possible within the confines of the U.S. tax code) to minimize the taxes paid to the government considered “cheats”?
****************************************
Because they get the maximum benefit from the government, they have more influence, they take most of the money from the economy, and use all that influence to make their tax havens legal.
I am left holding the bag. I consider it welfare for corporations. Some how in this twisted world of ours Corporations were allocated the status of individuals.

The US has one of the highest corporate tax rates in the world, which is one reason for doing business elsewhere
***************************************
BS, yes we have a high tax rate, but there are so many loopholes it is actualy not as high as they claim.
They do business elsewhere because they can get cheaper labor not tax.

So, I don’t really have a strong position on this particular issue. I’m doing my “moderate” thing that pure conservatives and pure liberals find maddening– seeing both sides of the issue and, in this case, not being sure where I stand. I think a simplified tax code and better compliance with the code are laudable goals. I also understand the argument that money made overseas and spent overseas should not be taxed here.
My contribution to the discussion? I want to know why the president does not say that this crack down would be a “tax hike” for all americans. I mean, he’s always going around claiming things that are unrelated to taxation are “tax cuts.” Examples? Refinancing your mortgage at a lower rate is “like a tax cut,” according to the president. Weatherizing your home, a big push with stimulus funds, will lower your energy bill, which is, wait for it, “like a $350 tax cut.” Anything that lowers my expenses is apparently “like a tax cut.” So anything that raises my expenses, by that same logic, must be “like a tax hike.” Right? And increased corporate income taxes would be passed on to consumers, raising our costs. Like a tax hike. Now doesn’t that sound silly?

bring the business back to america and pay taxes ONCE. DUH

‘The simple truth is that you cannot tax businesses.’ Quark
exactly, well said….. we should tax the poor and middle class… and if they can’t pay throw them out on the street
shouldn’t tax the CEO’s making 80 million either..
good plan.

Oonogil
you betcha, gosh darn it…..
if we only had enough sense to trust the rich and the corporations, everything will be better…..

Crack down on Americans who are bending or breaking the rules?
Mr. Obama, here is my advice…
Crack down on your cabinet members who aren’t paying your taxes!

Well now, finally. It took this long to figure this one out huh…
Here’s one Barack, Arnold and the rest of the “We the People” should be able to figure out too: ‘If’ the all of the “TV Media” would drop some clues about buying American Made Cars for the last 10-years and into the next 10-years, GM and Chrysler wouldn’t be in the situation they are in today, tax money would be generated, Freeway-Lanes would be added, we wouldn’t be sitting in traffic and wasting so much gas and time away from our family, not to mention the jobs it would create…
So then, I ask you, “We the People” is it time to start buying American Made Products Yet?
This should help solve the big companies tax cheat problem at the same time…, Dahhh, do we think….

To those companies that move overseas so they can avoid paying a fair wage and benefits to the American worker, Dell, Mattel, THE BIG THREE, Nike, and thousands of others, are American owned companies but do not deserve the loyalty of the American people. I for one will show loyalty to the company that employs American workers for they are the ones putting food on our table. Ever see the bumper sticker…Out of a job yet, keep buying foreign? The fool may be driving an American owned company vehicle but most of the time it has been made overseas. He purchased a vehicle that employs foreign workers while putting bucks in the CEO’s pocket.I say tax the hell out of those that outsource our jobs for they are the only ones who benefit, not the American people.

Correct: How about tax free or tax cut for the companies who create jobs and build products in the US? It’s not only can drop the unemployment rate also could reduce the deficits in the America because workers will pay income tax instead of taking unemployment insurance or public assistance once they have jobs.